Jiangsu Cotton Association Says Sales Of Lint Slipped

The price of cotton in the market is "cold in the spring," and the cold air is coming to the front line.

After the Spring Festival in North Jiangsu, the purchase price of seed cotton continues to decline.

According to the survey, from 25 and 26 in February, cotton traders in most parts of Northern Jiangsu reduced the bid price of cotton.

After the Spring Festival, although some enterprises also have one after another.

The price of lint has not been increased. The price of 3128-4128 grade lint from Jiangsu and Yancheng is 12800/12500 yuan, and the enthusiasm of enterprises to buy and sell lint is not high. Most spinning enterprises adopt low inventory strategy.

Standard grade 3128B, lint 38%.

The purchase price is 2.50 yuan / Jin.

Because cotton farmers in this area do not carry out strict "four points" on seed cotton, most of the seeds sold are hybrid cotton, and seldom reach the standard seed cotton purchase standard, so the actual paction price is low.

Lint and lint

The purchase and sale market was obviously cold and cheerless. According to several cotton brokers, some cotton holding farmers looked left and right from the cotton picking in September last year, and they could not get cotton to the countryside. At present, cotton prices continue to decline and farmers are reluctant to sell.

Farmers in the region have shown that cotton production will be affected by the low tide of cotton production during the spring plowing and sowing season, and the intention of planting cotton will continue to decline.

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In the past month, with the sharp rebound in international oil prices, the prices of chemical fiber all over the world have risen sharply, and the prices of chemical fiber in China and India have soared. Textile mills can not pfer the huge cost of chemical fiber to the downstream market, and the profits of chemical fiber yarn may drop.

In February, China's polyester and short price rose 2.1%, India rose 2%, and Pakistan fell 3.6%.

Affected by the rising price of chemical fiber, the price of chemical fiber yarn is higher, and the profit margins of chemical fiber yarn manufacturers may be narrowed.

Although the price of chemical fiber in China and India has risen sharply, the price difference between China and India is still shrinking.

The price change of China's chemical fiber will usually affect Pakistan. Therefore, the price of chemical fiber in Pakistan is likely to rise sharply in the near future.

In February, as the price of chemical fiber yarns was flat, profits of Chinese and India chemical fiber yarn manufacturers may decline, and in March, they may fall further.

The profit of Pakistan's synthetic yarn has doubled since the same period last year, so there is still room for a decline in the profits of the cotton mill in the future.

With the gradual shortage of seasonal energy supply shortage, Pakistan chemical fiber production is expected to increase, and chemical fiber yarn quotations are hard to raise substantially.

In recent weeks, yarn prices in India have steadily risen, due to the rebound in domestic chemical fiber prices and strong cotton prices.

In the week, India's pet price rose by 1.6% according to the rupee, rising by 2.5% in dollar terms.

According to the rupee, 30 chemical fiber yarns fell 13% compared with the same period last year, rising by 19% in the US dollar year on year basis.

The FOB price of India blended yarn rose to 2.45 US dollars / kg.

Although the yarn production in India began to turn from 100% pure cotton yarn to chemical fiber, the proportion of chemical fiber used is still very low.

The price of cotton yarn in India rose steadily during the week because of a decrease in domestic inventories compared with the same period last year.

In addition, the decrease in the export of Chinese cotton yarn is partly offset by the growth in other regions, such as Bangladesh.